Consumers of today demand streamlined and rapid processes alongside effortless interactions, particularly when dealing with payments for services and goods. The use of physical money? Standing around in queues? Re-examining returned currency? These happenings are increasingly disappearing into former times.
For small businesses, also known as MSMEs (Micro, Small, and Medium Enterprises), keeping pace with this digital change is a necessity rather than just a choice. Embracing QRIS (Quick Response Code Indonesian Standard) represents one of the most impactful methods to successfully satisfy the requirements of today’s customers.
Going significantly beyond a simple stylish technical advancement, QRIS functions as a vital instrument that allows MSMEs to function with increased effectiveness, draw in greater numbers of customers, and safeguard their businesses for continued success.
What is QRIS and How Does it Work for MSMEs?
QRIS is a national standard for QR codes in Indonesia, having been developed through the collaboration between Bank Indonesia along with the Indonesian Payment System Association (ASPI). It offers a single integrated system to handle digital transactions across various apps, including digital currency, digital wallets, and banking services offered on mobile devices.
Through the standardization of QR codes, QRIS enhances transactions to be more streamlined, more efficient, and more secure for both consumers and business owners.
Why is QRIS Important for MSMEs?
For MSMEs, using QRIS is not just a trend, but it's a deliberate move toward adapting to the age of digital technology. With simple and speedy enrollment processes, minimal fees, and computerized record-keeping transactions, QRIS enables greater efficiency in business management while simultaneously reducing dangers connected to handling money in physical form.
Furthermore, QRIS enhances how customers perceive the dependability of your operations. Your enterprise will project a more advanced and respectable image. Considering the broad range of benefits QRIS provides to MSMEs, this technological solution stands out as an ideal means for assisting your business's expansion in an increasingly digital-driven market.
How QRIS Works for MSMEs
Implementing QRIS in your business is straightforward. Here’s a step-by-step guide to how it works:
1. Open Your Payment App
To begin, access your digital wallet application or mobile banking platform.
2. Scan the QR Code
Choose the "Scan QR" option and align the camera of your phone towards the QRIS code displayed by the business.
3. Enter the Amount
Type in the precise payment amount and then proceed to verify the transaction.
4. Receive Payment Notification
The business will promptly be alerted with a notification confirming that the payment has gone through successfully.
8 Benefits of QRIS for MSMEs
There are lots of good things about using QRIS. The following are the main benefits for small and medium-sized businesses that make this payment method a total game changer:
1. Simplifies Every Transaction
QRIS eliminates the need for cash handling, which cuts down on the time it takes to give change and makes sure transactions go more smoothly. Customers just scan the QR code and pay in just a few seconds, which makes the whole payment process quicker, safer, and more effective.
2. Increased Sales Opportunities
By accepting digital payments, businesses become available to a wider range of customers, including younger, tech-savvy people who prefer not to use cash. This results in more impulse buys and a possible rise in how much you sell.
3. Speeds Up Service Flow
QRIS reduces the amount of time spent on handling payments, especially in busy spots like coffee shops, stores, and kiosks. When people wait less time, they are happier, and businesses can help more people in less time.
4. Enhanced Customer Satisfaction
Customers like how easy it is to pay without cash, and QRIS makes it simple for them to finish payments without worrying if they have enough cash or where to find an ATM. This convenience makes their whole shopping trip better, which can lead to them coming back again.
5. Builds Business Credibility
Using QRIS shows that your business is modern and thinks ahead, which can make customers trust you more. QRIS gives a professional and safe choice that builds confidence for customers who are more comfortable with digital payments.
6. Automates Financial Tracking
Every payment made through QRIS is automatically saved in the system, which lowers the chance of mistakes made by people and makes it simpler to track finances. This automatic logging of payments makes accounting and financial reports easier, giving business owners more time to concentrate on ways to grow.
7. Accept Multiple Payment Methods
QRIS allows customers to pay in different ways, whether it's through digital wallets like GoPay, OVO, or DANA, or through mobile banking. Businesses can accept payments from different platforms with just one QR code, making it more flexible and inclusive for all customers.
8. Supports the Digitalization of MSMEs
QRIS is a starting point for small and medium businesses to join the digital world. Businesses can participate in government programs, get business loans, and work with bigger companies that are already using digital payment systems with QRIS. This creates chances for working together and helps small and medium businesses stay competitive in a market that is quickly becoming digital.
How to Make QRIS for MSMEs: A Simple 4-Step Guide
Wondering how to make QRIS for MSMEs? The procedure is quite straightforward and frequently comes without any charges. The following guide will explain how to commence:
1. Choose Your QRIS Provider
You have the option to sign up for QRIS using your existing bank or through an online payment platform such as GoPay, OVO, LinkAja, or DANA. Opt for a service provider that aligns effectively with the specific demands of your business while also delivering an uncomplicated user experience.
2. Prepare Your Business Information
During the registration step, you will be required to submit pertinent business information, which includes your identification card (KTP), the number of your bank account, and, if applicable, your Taxpayer Identification Number (NPWP). It is also possible that certain providers may ask for supplementary details concerning your business operations.
3. Verification Process
The service provider will proceed to authenticate your provided information after you have completed the registration submission. Although the duration of this step can differ based on the provider, you will be issued your QRIS code once the verification is successfully finalized.
4. Display Your QRIS Code
Upon acquiring the specific code, it is advisable to print it out and showcase it in an easily visible spot within your place of business or at the payment counter, thus facilitating straightforward usage for your customers.
Level Up Your MSME with QRIS and Soundbox from Telkomsel Enterprise
While QRIS offers immense advantages for MSMEs, you can take your payment experience to the next level with Telkomsel Enterprise’s Soundbox. This smart device provides instant transaction notifications and seamlessly integrates with Telkomsel’s reliable connectivity. It ensures that your payment processing runs smoothly without any connectivity disruptions, giving your customers and business owners peace of mind.
By utilizing QRIS in combination with Soundbox, Micro, Small, and Medium Enterprises gain access to essential resources that foster success in today's digital economy. Now is the optimal moment to modernize your operational workflows and improve the interactions your customers have with your business.
For more information on how to integrate QRIS and Soundbox into your business, don’t hesitate to reach out to Telkomsel Enterprise for expert consultation.
